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Gold/Mining/Energy : Winspear Resources

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To: GOLDIGER who wrote (3694)	11/4/1997 7:44:00 AM
From: Crocodile	Read Replies (2) of 26850

OFF TOPIC*** Averaging down into the ground... Goldiger, * The following is said without reference to WSP. Anyone who gets depressed by being bitten by reality should just skip right over this... it sure isn't meant for you. In regards to "averaging down", especially on VSE stocks, it is only commonsense to "proceed with caution". If you ever want a little "entertainment and amusement" some evening, use the Stockwatch "Company" search option and type some random ticker symbols into it for awhile.... Pretty scary stuff indeed... You rapidly get the feeling that the whole junior resource company scene could be regarded as a metaphor for human life on the planet earth... The few hundred that exist right at this moment in time are just the descendents of an entire extinct population that could fill the exchange 10 or more times over... (-: Then, if you haven't had all of the "entertainment and amusement" that you require for one day, check out some of the archived Mining threads on S.I. and read through some posts... Hmmmmm.... sure seem to be a lot of people who do a lot of "averaging down".... I sure hope to heck that the "cyclical nature of the resource stocks" helped at least one or two of them to come out "smelling like a Rose Tomato".... Pity if they didn't... because the only ones who did were the people who did the IP's and PP's and managed to unload their shares on those who were averaging down as they chased these companies right into the ground.... My only advice: If you really like a company, buy some shares... maybe do a little flipping when the stock is moving within a decent trading range... pick up a little extra on the way up... but don't bother to catch falling knives... you'll just bleed to death that way... ;-} Just a few observations... Regards Lady Croc

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